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Other Financial Information
3 Months Ended
Mar. 31, 2012
Other Financial Information [Abstract]  
Other Financial Information
2. OTHER FINANCIAL INFORMATION

Inventories

Cost for approximately 51% of the Company's inventory is determined using the last-in, first-out (LIFO) inventory valuation method. The approximate percentage distribution between major classes of inventories was as follows:

 

     March 31,     December 31,  
     2012     2011  

Raw Material and Work in Process

     40     38

Finished Goods and Purchased Parts

     60     62

Property, Plant and Equipment

Property, plant, and equipment by major classification was as follows (in millions):

 

     March 31,     December 31,  
     2012     2011  

Land and Improvements

   $ 74.5      $ 74.1   

Buildings and Improvements

     188.8        189.3   

Machinery and Equipment

     727.1        667.2   
  

 

 

   

 

 

 

Property, Plant and Equipment

     990.4        930.6   

Less: Accumulated Depreciation

     (418.3     (396.6
  

 

 

   

 

 

 

Net Property, Plant and Equipment

   $ 572.1      $ 534.0